1919-07-29 — Page 2

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A thoroughly

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IMPERIAL PREFERENCE.

A SINGLE RATE OF EXCHANGE WITHIN THE EMPIRE

A luncheon-meeting for business men,

COAL COMMISSION.

M.P.S. ALLEGED`ADVICE,

DEFENCE OF THE OWNERS:

Ansation, was paused at the last pub-

OUR LONDON LETTER,, LAUNCHING THE GREAT VICTORY,

"LOAN.

SWORDS OF HONOUR FOR BEATTY AND HAIG.

TYROM OUR OWN PORRESPONDENT. Į

LONDON, June 17th. The new Loan--the Victory Loan."" achfourish of oratorical trumpets backed by

arranged by the British Empire Proiestitting of the Coal Commission, an divers' Organisation, aas held at the Con-

June 14th, by Sir Adam Nimmo, who read naught Roonts recently, under the chair-

a letter from the manager of the United manship of the Marquess of Londonderrylleries Ltd, (lasgow, alleging that for the purpose of hearing an address on

Imperial Preference by Mr. W. F. Duncan Graham, M, P., nad made i Massey, Prime Minister of New Zealand speech to unners, in the course of which he advised them to do as little work as Among those niso present were Lig pussole „andwap that they got as much ast-Colones Amery, Parliamentary Under

for the Colonies; Sir Thomas money as possible for it, adding that there kenzie. High Commissioner for Now' was no nech to: labour to be honest when

dishonest. The other side was 20 Zealand; Colonel Sir T. B. Robinson, Agent Ceneral For Queensland; Brigadier mile refused to accept the report a General Sims, Agent-tieneral for Ontario: accurate without investigation, and urged Sir Fortewne Flannery, Sir

that Mr. Graham, slowid be called as # Owen

witness pelare the letter was accepted as Philips, and Sir Joseph Lawrence.

LA HOPÊJUL DETIDOK,

evidence

BY. THE SILVER SEL

rooms,

All England appears to have decided The to go on holiday thhis Summer. senside, recrts are crowded and hotel and boarding hous proprietors reaping a rich harvest. Accommoda- tion is booked up till the middle of Sep- tember, not merely in the more popular places but everywhere on the seaboard. Fabulous

prices are asked for even as much as 30 guineas a work for a bedroom without meals. It has been sug gested that officers and men

With substantial gratuities

to the

and consequent increase in charges. But this is nat

not convincing. The true explanation is that the war-time rich

devoting themselves to pleasure regardless of es pense in an eat, drink, and merry for to merrow we die frame of mind

As it is enlled-has been latinched with an inon for the rush

page advertisements and leading articles in the principal papers I hear that fr

17:249

the

arc

· Bell.

Bre

People's minds are disturbed at pub- lished statements that a shortage of vaatial fed stuffs may be expected next We are threatened with a gen- mul scramble for food in the world's markets by every country, including the Central Empires.

winter.

pire. (Hear, hear.) Indeed, taking the farailors like contended that national- they had helped us to solve the problems isntion was bad for the nation. The time but the Government-must-pay-barker 150 per cent. more than in pro-war

Sydney Walton, Director of Publicity for the Lean, who is a journalist, and formerly on the North Mail at Newcastle, t has many new ideas for popularising t in the Kiazdom yenture. One notion is that every household

should be canvassed tor THE FOOD SITUATION, subscriptions. will beat political A printed statement by Mr. Leslie Scott,nvasing at a General Election: nu Mr. Massey said he had recently arrived. K., L., on behalf of the pyalty organised attempt of such magnitude has

made in the

this country hitherto. from the Peer Conference, and hopes towners and of the afning Association of over

Other be shortly on his way back to New Zen-ural britain was tag before the Lom-

plans

to ensure publicity include land with the reassuring belief that,ission. He contendent that the specula a big floral festival in Trafalgar-square although there was much unrest in the tive risk in proving, developing, and in the course of the next few weeks, to world and a number of minor wars going working coal had been greater than would be fullawed by shuilar festivals in dif To minimise the inevitable hardships on, matters would get back to normal in have been taken under any other systein. terent parts of the country. There will that must follow from this ferce competi a comparatively short time. He hoped it had been the foundation of the great also be a systematic leaflet-dropping pro- tion for food it is urged that the Minis we hat seen the last of the great war industria development of the last hun- paganda campaign from the ais by diri: try of Food here should be maintained. hat he would not unke in ceraden prydret der ind, note, the very treibles and planes.

By this means along ein the profiteers diction in that direction."

hear) blood of British ses power and commerce,

in our midst be in check. Already DOOR PROSPELTTİS IN BRIEF." However, even the great war through The mining

che Laited

staff of engineers of the

the Ministry has been which we had just passed might not have kingdom were second to none,

Great

The Loan is issued in two forms on the duced, and articles of food have You pay your money and take a decontrolled, but, in vien betre been an ainmixed evil if it had shown

had own Britain

BUIDE of Me

of the best-equipped rinciple. as he believed it had, some of our collieries in the way of safety and techni-your choice." One is, the Four-per-cent, uncertainty as to supplies a few months shortcomings and had strengthened the cul appliances in existence. British col-Funding Loan, and the other the Four hence, it is understood that the Food an partnerships of dur great Empire. liery proprietors had not neglected the percent. Victory Bonds.

troller has resolved to mark time, as they (Cheers) had shown us, among other march of science, but had taken advant In the case of the Funding Loan you in the Army, and await developments. things, what splendid comrades we had age of all the progressive discoveries pay £80 for each $100 of stock, and the in ou fellow-citizens of the Indian Em-which engineers and scientists had mades, of course, equal to 5 per cent, por tienlly everything for the table costs 100

4 interest i year payable on each 80 INCREASE OF 100 PER CENT

Meanwhile prices are soaring. Prac Royalty owners and colliery Dative races of the Empire as a whole,

Яanum. The stock can be sold at any

£100 for

£80 in 1800, and it ma

Eggs are dd. each, and traders Very

Blandly assure us they will be Sd, by the he Commission not recommend it either for collieries do so at any time after 1950. Thus, in Autumn and ed. at Christmastide. Mar

royalties. If the Commis vestors get per cent. interest on their Bon did recommend it, they hoped that money, and their £80 capital automatical-gatine has been. Sd., and is advancing to

sd. These items are simply men Farliament would refuse to be guided by ly becomes worth £100, which in factioned by way of illustration. The leaf the Commission. But should nationalist- in ultimately he decided on, they sup

it must become in 1900, if not before.

at Dd.

i képt at figure by a Govern.

that figur In the case of the

Fictory 4 per cent,

ment subsidy which absorbs 40 millions. mutted that there was only one possible Bonds, you pay £8 for each £100, and

a year. Meat is controlled; but it 11 Each royalty you are given the chance of having the pears from the recent report of the Com Owner's interest and each celery proprie.The first drawing by lat takes place the Continent as well as the United

Bond drawn by lot and paid off at $100.

mitter on Trusts that Great Britain and tor's colliery must be separately"valued,

when the equivalent of one

Statesare in the grip of the American Mont are of his proper

octopus-like, into other foods besides meat, including eggs, cheese, fish, edible oils, and many other things..

at absolute independequired."

SAL

that the

or

for

basis of compensation.

would

Bond

Jays

It may be taken for granted that with demands on the part of Labour for more. food rising in price we shall see further wages to meet the increased cost of living.

of war, and he believed they would help hoped us to solve the problems of peace. (Henr, hair)

AN INSTALMENT OF PREṛKRENCE. Another of the lessons of the war was a revelation of the fact that in the past we had become dependent upon enemy countries and peoples for many of the necessities of our daily existence. reliable

That state of thing must never be permitted sgain. (her). It was one of our in- Imediate and most insistent duties to so and each uiust be paid the fair market ear of "Yeay 200) will be drawn. A Trusts, who have thrust their tentacles,

develop the uhormous resources of bar Empire that we should be in a position

larger proportion will drawn time Let it not to said that I or those for rol in 1975 all the Brady will in regard ta all

all whom I appear an,Seott continued, the

commodities

Save been drawn, giving the holders £100 He was do not appreciate the new tendencies for each £83. The prize of £iz may comes glad to see that the Chancellor of the Ex- of the time; that we are fur reaction and

next year, óf - any later year. chequer had

to give us the other side.for advance, pledged himself

Because we. something in Way

instalment take a different view of the appropriate of en of Imperial Preference. (Cheers.) It remedies for the present discontent they was not all that might be wished, but he are not entitled to say that they alone was not disposed to find fault with it. It have a genuine sympathy with the aspira Was, at the affirmation of a great tius of Labour, or have more accurated that the Lean has been divided into Some little surprise has been express principle (Hear, hear.) As time went interpreted them. The nation on the operation of that principle would dustrial peace; so does the large and silen; two issues, each with a different nume no doubt be extended.

voice of Labour. The vocal minority of Funding Loan, and Victory Bonds. The raised industry does not- The extremists are Chan

Chancellor, it is understood, would have Loan, but his financial experts him that this would have caused some confusion in future transactions. if there bad been two different issues with the same name. The decision to have two insugs was come to in order to fund as mach of the floating debt as possible, and to provide for long-dated stock as well

UMBRELLAS – PULL-OVERS – GOLOSHES.

MACKINTOSH

& CO., LTD.,

Men's Wear Specialists,

18, DES VEUX ROAD.'

Telephone 29.

ΟΙ Of

Amounts as sipall as £6 can be invested in either issue through the Post Office and as little as Eso through any bank..

THE TWO ISSUES.

A DESCENDANT OF CONTECIES.

F

The Paris Eress has taken to its enjo described as & lineal descendant of Con tichal. heart, Mr. Kung Scang-Ku, facius, who has been in Paris protesting

gainst the decision of the

Big Five

course, there would be parent out

to destroy the whole basis of modern preferred one name only, like the Renarations has immensely impressi áo

in certain quarters to the

of even that instalment. Some would say industry... We want reform; they want it would not be just to our Allies. He revolution. they claim that they have admitted that difficulty, but it could be the masses of this nation "behind them; got over by a reciprocal arrangement such { We believe they are a minority. na was suggested at and to a certain ex

Thus the fundamental issue: wheSam tent agreed to by the Paris Conference the this country is to be reconstructed two or three years ago.

by elution, or by the stendy, constitu- mesnou which the British nation

ONY SIDED FREE TRADE,

Fperial Preference was contrary to the established so-called Free Trade policy

of this country half or to present conditions.

to our innrkets

Lish Lion,

in the Shantung question. The 1st that his descent can be traced through 75 French, and the papers have certainly given him and his cause the most gen crous measure of publicity. He made his first public appearance at a dinner in the gilded surround rangère, when, of the Cercla Francais de la Press

to aroused

to one journalist present, the

general admiration"

We might be told that the principle of libe with the nation, and until that int that trustees are not partinin his checks, and the tone of his voice Jifas Aivoys preferred. The final vertice has forbunds with the annual drawing of his features, the pink tinge arrangement. There was the further verdics has been delivered we can

securities which are subject to annual He In all good Iaith put forward our con

oat that equality, frater- of the last sixty or seventy years, but structave contr.pations of the lines which wings, and no method has been dis-nity, words of the French, were and justice, supposed to HAPPY HIT policy that was suited to the conditions

are condident will com.end themselves. covered by which drawing can be applied be the a. century ago was nutquarters of to that uent majority of our people, “

to registered stock.

preached by Confucius two thousand years Th necessarily suited But he denied that the delenders if a large and oid-estads much as possible of the immense the particular case of Tsing-tau he said. main object of the Loan is to fund ago and coming from generalities to it was Free Trade to freely admit the laboured under the davantage that it floating debt engenders financial uncertween there and foreign countries

Mr. Scott contended, volume of floating debt. An enormous if the Japanese controlled the trade be CIGARETTES us and we other countries im was only, the vicdishes of the institution taints and hinders the revival of trade;

it other countries in high excited public attention.

would be a nosed heavy duties on the goods we sent die and exceptional though they mightlieve the market of this incubus of font-viction that to domination.

Spora and Mr. Chamberlain's policy is to re-the

He added with con" them. That was merely a system of free be, they raceceded in obscuring the meritsing debt and to place as much of it as

Open door." " the doctring of of Bhantung would imports on cne side and Protection on

never submit to advantager

on may be in the bands of investors..

One of Mr. Kung's French hearers The Real Burley. Cigarette her. Cheers.) It might be admit-and

ted that even that

tone-sided system suited Especially was that the ease whe

wittily remarked at the close of his speech detects were skilfully certain industries, which had thrived

advertised by the

that he had all the arguments, on his under it, but the industries of our commationalisation had studiously advertised moved from pomp and circumstance than

partisans of

Nothing could have been further reside except the guns!"-.B. The navocates of petitors thrived even more than ours. certain exceptional lapses of the present the visit of Admiral Beatty and Field-

hear.) He was not arguing for tection.

H: wished them to under sety and health, until these haid sand swordhal Haig to the Guildhall to receive stand that clearly. He was arguing

sum-words-of-honour and the Freedom of the Preference, because he felt that it Would ed/wholly illegitimate proportions. They City London. For some reason known do more for the Empire than say other bad made assertions, largely unsupported only to officialdom, no announcement was by evidence, which he could only describe made beforehand of the interesting cere

The onl

only hint to the man in

the

ft

IT'S TOASTED.

Cigarette Manufacture.

SOLE AGENTS:

THE HONGKONG CIGAR STORE

the

Been

chnoge.

prevent them--a

such

of

The

the

asum-

BRATTY `AND HAIG IN THE CITY,

SHIPBUILDING ACTIVITY IN

JAPAN.

REPORTED ORDERS

FRANCE.

FROM

With the improvement in the shipping come active and some shipping concerns have ordered new steamers from the ship

should extend the principle of Presed emphatically suggestion contradict soldiers lining the pavement, hardly any market the shipbuilding industry has be- to the Dominions he was not askRichard Professor Haldane and Sirhe famous fighting, chiefs arrived very yards. The Japan Advertiser states that.

Brita

already

03

know what

ships in Japan is receiving renewed atten the French proposal to buy or to build

ion, and it is reported that negotiations proceeding with several shipyards.

Cheery, that could be auggested; Las gratuitous slander on the owners and mouy, An entirely New principle in clear avowal of our repudiation of the tion of Mr. Webb that it had been found foot was

strect that anything unusual wa old Cobdenite doctrine that the

Colonies

but there were no ere to be looked upon us ahenmbrances. eper te compensate for accidents than side for half-an-host of the in Cheap- (Hear, hear) in asking that Great Bri tain

by independent observers flags, and people & street, off searoely ferenes

happening Whether than the Dominions ing for anything more

by accident themselves were willing to grant to the livellous impression, had been given to the presence of the lets who without ions or design, a totally wrong impresion, a quietly, motoring to the City direct from Mother Country.

They the bad proved their faith in that policy by ditions of the miners calling wera being ceremony, out of doors, in a quadrangle

public

truth was that the con- vested them also quietly and it into practice as far as Great exploited for a political purpose. was concerned, and wore willing dingen, was that by playing upon the of Merit.

The of Buckingham Palace with the Order a great deal further than they had public sympathy the advocates of nation-

A few months ago the leading Japanese" In accordance with custom, the scroll shipbuilders, hearing that, France had (Cheers.) In doing gone. they

had done they were thinking more oftion into an unwise step to which they of honour are, as may be supposed, more attempted to undertake a Franch order.

whats

alisation might be able to cajole the na- conferring the Freedom was presented ordered a large amount of tonnage from the Empire than they were thinking of could not otherwise be persiaded.

in

I an ornate gold box." The swords Great Britain and the United States, themselves, although, if Great Britain followed the policy of Preference, be be

ornamental than useful; too elaborate, At that tiron the shipping trade was lieved it would benefit this country just.

in fact, to be worn even on State occas greatly depressed owing to the termina- as much as it would benefit the Empire

SIDAS.

Each blade is beautifully embel tion of the war, and the object of the The Dominions were not asking that this

shipbuilding industry by undertaking a country should subject itself to taxation

large French order. They submitted par- for their advantage.

ticulars as to their building capacity and the terms on which they were prepared to build steamers for France. This offer was not, however, accepted.

In the meantime the shipping market had begun to improve, and offers to buy Japanese vessels were received from Great Britain, America, and other countries.

CO., LTD..

Hotel Mansions.

Tel. 151.

[397

THE

CORONET

pect.

درا

than set off by the fact that every millished with various designs and the old Japanese shipbuilders was to enliven the

lion pounds borrowed in England by the Dominions increased the trade with Eng land. (Cheers.)

EYET

AN EMPIRE EXCHANGE RATE,

might

motto Palmam qui merit fernt (let him bear the palm who has won it). More elaborate still are the scabbards-blue for the sailor and dark red for the soldier and the hilts, made of gold, studded with it is the figure of Britannia and the precious stones. Admiral Beatty's sword crossed batons of his rank

WANTED-A CITIZEN ARMY.

The most notable thing about the visit

WHAT THE DOMINIONS REQUIRED. All that they required was that they hould have Freference in the British thanks to Mr. Massey for his address, Colonel Amery, in proposing a vote of markets as against foreigners in the mat-aid it was the duty of the State to review ter of foodstuffs and raw materials, with its policies from time to time, and how the ultimate nim of making the Empiro independent of the foreigner in that have seemed in the circumstances in which

applicable the Cobden theories (Hear, hear.) Preference, would

how they were he

stop at fiscal in the propounded they were obsolete was. Sir Douglas Haig's speech. As & There was no more talk regarding the hoped We should not be satis-The Empire was no longer the burden it me spend my utmost efforts to prevent the opinion is expressed in shipping cir

circumstances of irrangements,

the Empire to-day man who has seen enough of war to make French order for Japanese tonnage, but fied until we had a Preferential system between England and India, and was thought to be in Cobden's time: in its recurrence," he called upon the nation

it Hear hear and was to day a source of strength and meant to establish

strong

trong Citizen Army on need of Japanese tonnage and that she oneles in Japan that France is really in all the Dominother of State-owned, it was to the mutual advantage of the that will ensure that every able-bodied was only biding her time. As a matter of

not thinking

not only trade

de but sexy

security. (Hear, bear.) strong Territorial lines an organisation but rather of a system of State different States of the Empire to day to citizen shall come forward when the next fast, two Japanese vessels were subse Imperial Conferences, a

agreed

upon at the have Preference not only in tariffs, but crisis comer, not as a willing, patriotic quently sold to France through, private regulate services between the countries of manications, and in financial arrange us a trained man." the Empire and, if necessary secure by ments. (Hear, hear.) He thought that

shipbuilders is now being talked of taxation the

the provision of the best corner we should also have a single rate of exed folk who cherish the illusion that with

This is a hard saying for siruple find again. possible. He wanted to see British change within the Empire (Hear, hear.) League of Nations in being wars will British countries at the lowest rates pos Britain

and again during the war Great cease. Bir Douglas Haig's tremendous sible.

July 28th, 30th & 31st, 1919,

at 5.15 & 9.15 p.m.

WILLIAM S. HART

AND

DOROTHY DALTON

IN

"THE DISCIPLE

Booking for 9.15 pm, at ROBINSON'S.

125

худа

ices,

ES

difficult to

Japanese shipbuilders say that it is

before the end of the year.

accept any new orders They

to cried in British ships between Again had been precluded from baying prestige gives unique, authority to his already have their hands-fall with the

the

Other countries were goods from one or other part of the views on military matters; and the lead construction of vessels for America and of doing it also wanted to see Prefer Empire simply because of exchange. ing papers are taking this passage in thore to be offered to the Kokusai Kiacu

stable rate of

Kaisha. When they say, however, that no national preparedness for war.

.*

ence in finance. (Hear, hear.). He would? There was no inberent reason why there his address sa a text to preach the like to see the interest on Dominion which were flosted in London charged a

should not be a permanent and lower rate-of-income-tax-thur was charged of exchange within the Empire There Roberts said the same thing over and foreign orders can be accepted until next on moneys borrowed by foreign countries man power and woman-power which, if his was 25

also be Imperial Preference in and over again before Armageddon, hut year, unless special terms are erffed upon (Hear, hear.) It might mean a little lost were kept within the borders of the the wilderness."

the voice of one crying in in regard to prices, they apparently show to the Treasury, but it would be more Empire would be aware of Imperial how far public opinion has changed since from Y.400 to Y.430 for sesers of the It remains to be seen their hand. The prices now: noted are (Continued at foot of next columUC_)

strength (Cheers.)

large type..

1914.